2. GST HSN chapter code 1507 Soyabean oil and its fractions, whether or not refined, but not chemically modified.

3. GST HSN chapter code 1508 Groundnut oil and its fractions, whether or not refined, but not chemically modified.

4. GST HSN chapter code 1509 Olive oil and its fractions, whether or not refined, but not chemically modified.

5. GST HSN chapter code 1510 Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading GST HSN chapter code 1509 6. GST HSN chapter code 1511 Palm oil and its fractions, whether or not refined, but not chemically modified.

10. GST HSN chapter code 1515 Other fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified.

11. GST HSN chapter code 1516 Vegetable fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.

6. GST HSN chapter code 1506 Other animal fats and oils and their fractions, whether or not refined, but not chemically modified.

7. GST HSN chapter code 1516 Animal fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.

8. GST HSN chapter code 1518 Animal fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading GST HSN chapter code 1516; inedible mixtures or preparations of Animal or vegetable fats or oils or of fractions of different fats of oils of this chapter, not elsewhere specified of included.]

18% GST RATE;

1. Margarine, Linoxyn [solidified linseed oil]; edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading GST HSN chapter code 1516 [GST HSN chapter code 1517]

In Chapter 15, in the 18% rate column, the part entry from GST HSN chapter code 1517 relating to edible mixtures of vegetable fats or oils, that is “edible mixtures or preparations of vegetable fats or vegetable oils or of fractions of different vegetable fats or vegetable oils of this Chapter, other than edible fats or oils or their fractions of heading GST HSN chapter code 1516 [GST HSN chapter code 1517]” may be shifted to the 5% rate column [wherein all vegetable fats and vegetable oils at 5%]. [This will ensure that mixtures of two or more varieties of edible vegetable oils fall at 5%.]

In India, GST for sale of animal oil, waxes, fats, vegetable oil etc. is expected to be charged at minimum rate of GST against some of the items. The items fall under exemption list of GST is being declared by GST authorized soon.

Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

GST rates in India is being finalized within a couple of months, as Goods and Service Tax is being implemented from July 01,2017 in India. The GST rates are imposed in India under 4 slabs. Each category of slabs is being declared soon by the GST authorities.